3min chapter

The "What is Money?" Show cover image

Bitcoin Maximalism and Crypto Scams with Cory Klippsten (WiM184)

The "What is Money?" Show

CHAPTER

Single Token Crypto Funds - What a Sad Life!

Denis Obeidallah: I was made aware yesterday from an insider that a lot of the single token trusts and funds, in many cases, 99 to a hundred % provided by the centralized team behind the printing of the token. And so they list it, and they promote this product and hope that somebody, some institutional investor, will buy it, and then they just redeem and that's their exit luquidity. But ye, for the most part, i think most these people know, especially the ones that have ben around. Awhile, what a sad life. What a sad existence to just everyday, yo, wake up and your like, i'm just going to go

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